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TexasHB 439589th Legislature Regular SessionHouse

Relating to electronic submission and delivery of public securities and records of proceedings for those securities.

Sponsored By: Benjamin Bumgarner, Chris Turner, Royce West (Democratic)

Signed by Governor

Electronic Information SystemsState Finances--Management & ControlDIGITAL SIGNATURESATTORNEY GENERALCOMPTROLLER OF PUBLIC ACCOUNTS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Public securities issuers must file documents electronically

Beginning January 1, 2026, issuers must electronically submit covered public securities, proceeding records, and credit agreements to Texas’s Attorney General. This includes documents requiring approval and amendments to documents already approved or registered. Electronic signatures are required where applicable. The Attorney General must also electronically send required documents to the state comptroller, with electronic signatures where applicable. Submissions made before January 1, 2026, remain under the prior law. By December 1, 2025, the Attorney General must notify the proper bond-related legal authorities about electronic filing requirements and needed procedural changes.

Sponsors & Cosponsors

Sponsors

  • Benjamin Bumgarner

    House

  • Chris Turner

    House

  • Royce West

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 224 • No: 0

Senate vote • 5/25/2025

Record vote

Yes: 31 • No: 0

Senate vote • 5/25/2025

Record vote

Yes: 31 • No: 0

House vote • 5/6/2025

Record vote

Yes: 144 • No: 0

House vote • Unknown

Committee vote: Pensions, Investments & Financial Services

Yes: 7 • No: 0

Senate vote • Unknown

Committee vote: Business & Commerce

Yes: 11 • No: 0

Actions Timeline

  1. Effective on 1/1/26

    6/20/2025House

  2. Signed by the Governor

    6/20/2025House

  3. Sent to the Governor

    5/28/2025House

  4. Signed in the Senate

    5/27/2025Senate

  5. Signed in the House

    5/27/2025House

  6. Reported enrolled

    5/26/2025House

  7. Senate passage reported

    5/26/2025House

  8. Record vote

    5/25/2025Senate

  9. Passed

    5/25/2025Senate

  10. Read 3rd time

    5/25/2025Senate

  11. Record vote

    5/25/2025Senate

  12. Three day rule suspended

    5/25/2025Senate

  13. Vote recorded in Journal

    5/25/2025Senate

  14. Read 2nd time & passed to 3rd reading

    5/25/2025Senate

  15. Rules suspended-Regular order of business

    5/25/2025Senate

  16. Placed on intent calendar

    5/25/2025Senate

  17. Committee report printed and distributed

    5/22/2025Senate

  18. Recommended for local & uncontested calendar

    5/22/2025Senate

  19. Reported favorably w/o amendments

    5/22/2025Senate

  20. Vote taken in committee

    5/22/2025Senate

  21. Considered in public hearing

    5/22/2025Senate

  22. Left pending in committee

    5/20/2025Senate

  23. Considered in public hearing

    5/20/2025Senate

  24. Scheduled for public hearing on . . .

    5/20/2025Senate

  25. Referred to Business & Commerce

    5/7/2025Senate

Bill Text

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